Markets & Finance

Renewables covered about 52% of gross domestic electricity consumption in H1 2023, three percentage points higher (49%) than the same period in 2022.

Renewable energy developers Renantis and Ventient Energy have announced to merge, planning to operate as a combined group next year.

The Ministry of Ecological Transition (MITECO) in Spain has updated its National Energy and Climate Plan (NECP) with an increased target for solar PV of 76GW by 2030.

Large-scale renewable energy developer Intersect Power has secured a revolving credit facility to the tune of US$800 million to support the deployment of its solar, energy storage and wind asset pipeline.

The government of the Australian Capital Territory has announced an initiative to fund the adoption of rooftop solar PV within its borders.

French petroleum major TotalEnergies has signed an agreement with fellow fossil fuel company Petronas to develop a 100MW solar farm in Queensland, Australia.

India’s state-owned company National Hydroelectric Power Corporation has signed a memorandum of understanding with the Green Energy Development Corporation of Odisha to develop at least 1GW of renewable energy across the Odisha state, in India.

Solar and energy storage project development platform Recurrent Energy has secured a €150 million (US$164.1 million) multicurrency facility with Santander Corporate & Investment Banking (Santander CIB)

US community solar owner-operator Summit Ridge Energy (SRE) and Japanese energy firm Osaka Gas USA (OGUSA) have expanded their partnership to construct, own and operate more than 100MW of solar PV in Virginia, the US.

In order to meet the world’s clean energy goals, organisations not considered solar power companies will play a role in this transition.